https://www.taxtmi.com/caselaws?id=356892 The Tribunal upheld penalties imposed on the assessee under Section 18(1)(c) of The Wealth Tax Act, 1957, for various assessment years. The appeals challenging the penalties were dismissed due to lack of merit. The Tribunal found that the penalties were justified based on the assessment of unaccounted assets/income and upheld the lower authorities' decisions. The decision was rendered on 21st February 2018. en-us Wed, 21 Feb 2018 00:00:00 +0530 Thu, 15 Mar 2018 09:53:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356892 The Tribunal upheld penalties imposed on the assessee under Section 18(1)(c) of The Wealth Tax Act, 1957, for various assessment years. The appeals challenging the penalties were dismissed due to lack of merit. The Tribunal found that the penalties were justified based on the assessment of unaccounted assets/income and upheld the lower authorities' decisions. The decision was rendered on 21st February 2018. Case-Laws Wealth-tax Wed, 21 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356892